Horizon Kinetics Inflation Beneficiaries ETF Forecast

Horizon Kinetics Inflation Beneficiaries ETF downgraded to Sell Candidate
(Updated on May 08, 2024)

INFL Signals & Forecast

The Horizon Kinetics Inflation Beneficiaries ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $32.15 and $32.46. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.00%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Horizon Kinetics Inflation Beneficiaries ETF

Horizon Kinetics Inflation Beneficiaries finds support from accumulated volume at $31.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.155 between high and low, or 0.480%. For the last week the ETF has had daily average volatility of 0.737%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INFL) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Horizon Kinetics Inflation Beneficiaries ETF to open at $32.49, and during the day (based on 14 day Average True Range), to move between $32.19 and $32.90, which gives a possible trading interval of +/-$0.354 (+/-1.09%) up or down from last closing price. If Horizon Kinetics Inflation Beneficiaries ETF takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $32.56 (0.05%) than the support at $31.66 (2.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Horizon Kinetics Inflation Beneficiaries ETF ETF A Buy?

Horizon Kinetics Inflation Beneficiaries holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.

Current score: -1.017 Sell Candidate Downgraded

Predicted Opening Price for Horizon Kinetics Inflation Beneficiaries ETF of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.